Conditions ripe for gold and silver to shine? The Japanese yen and the US $ are doing the shining.
The financial world is just hideous, with bad news all around. But now, this market is being driven down by the dymanics of who has a whole lot of money in the market. There are just too many aging boomers out there, and many feel that they just can't afford to "ride this one out" like past declines.
A couple of days ago, some analyst was saying that he expected Christmas spending to be down by 5%. I thought the guy was nuts.
I think McCain and Obama could unveil a plan whereby the Treasury would "refill" one's 401k to its highest level in the last 12 months, and the friggin dollar would go up!